¶¶Òõ¶ÌÊÓÆµ

Sale Of Goodwill Contract Template for South Africa

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Sale Of Goodwill Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Sale Of Goodwill Contract

"I need a Sale of Goodwill Contract for my Cape Town retail business, which includes transfer of customer lists and supplier relationships, with a 3-year non-compete clause within 50km radius, completion date set for March 15, 2025."

Document background
The Sale of Goodwill Contract is a crucial legal document used in South African business transactions when transferring the intangible assets and reputation of a business from one party to another. This document becomes necessary when a business owner wishes to sell the established reputation, customer relationships, and market position of their enterprise. The agreement must comply with South African commercial law, including the Companies Act 71 of 2008 and relevant tax legislation. It typically includes detailed provisions on valuation methods, payment structures, warranties, and restrictive covenants to protect the purchased goodwill. The document is particularly important in scenarios where the business's value significantly depends on its reputation, customer base, or market position rather than just physical assets.
Suggested Sections

1. Parties: Identification of the Seller and Purchaser with their full legal details

2. Background: Context of the sale, including brief description of the business and reason for the sale

3. Definitions and Interpretation: Definitions of key terms used in the agreement and rules for interpreting the contract

4. Sale of Goodwill: Core provision detailing the sale and transfer of the goodwill

5. Purchase Price: The agreed price and payment terms for the goodwill

6. Completion: Details of when and how the transfer will be completed

7. Seller's Obligations: Specific obligations of the seller before and after completion

8. Warranties and Representations: Warranties given by the seller regarding the business and goodwill

9. Restrictive Covenants: Non-compete and non-solicitation provisions to protect the goodwill

10. Confidentiality: Obligations regarding confidential information

11. General Provisions: Standard contractual provisions including notices, entire agreement, and governing law

Optional Sections

1. Intellectual Property Rights: Required when the goodwill includes or is connected to specific intellectual property

2. Employee Matters: Needed when employees are affected by the sale of goodwill

3. Property Rights: Include when the goodwill is connected to specific premises or property rights

4. Third Party Consents: Required when the transfer requires approval from third parties

5. Tax Provisions: Detailed tax arrangements when complex tax implications exist

6. Earn-out Provisions: Include when part of the purchase price is contingent on future performance

7. Transition Services: Required when the seller will provide support services post-completion

Suggested Schedules

1. Schedule 1 - Description of Business and Goodwill: Detailed description of the business and components of goodwill being transferred

2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the sale

3. Schedule 3 - Completion Requirements: Checklist of actions required for completion

4. Schedule 4 - Warranties: Detailed warranties given by the seller

5. Schedule 5 - Intellectual Property: List of any intellectual property rights included in the sale

6. Appendix A - Purchase Price Calculation: Detailed breakdown of how the purchase price was calculated

7. Appendix B - Customer List: List of existing customers (if included in the sale)

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
































Clauses






























Relevant Industries

Retail

Professional Services

Manufacturing

Hospitality

Technology

Healthcare

Financial Services

Construction

Real Estate

Consulting

Food and Beverage

Education

Media and Entertainment

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Tax

Compliance

Business Development

Executive Leadership

Commercial Operations

Risk Management

Relevant Roles

Business Owner

Managing Director

Chief Executive Officer

Chief Financial Officer

Commercial Director

Legal Counsel

Corporate Lawyer

Business Development Manager

Mergers & Acquisitions Manager

Finance Director

Tax Manager

Business Broker

Company Secretary

Compliance Officer

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Agreement To Sell And Contract Of Sale

A South African law-governed document combining a promise to sell with actual sale terms, establishing rights and obligations for property or goods transfer.

find out more

Agreement Of Sale Of Immovable Property

A South African legal agreement for the sale and purchase of immovable property, compliant with the Alienation of Land Act and related legislation.

find out more

Absolute Agreement Of Sale

A legally binding agreement under South African law governing the complete transfer of ownership rights in a sale transaction.

find out more

Software Sales Contract

A South African law-governed agreement for software sales and licensing, covering usage rights, payments, and compliance with local regulations.

find out more

Sale Deed Agreement

A legally binding agreement under South African law that documents and governs the sale and transfer of immovable property from seller to purchaser.

find out more

Preliminary Contract Of Sale

A South African law-governed preliminary agreement between seller and purchaser establishing the essential terms for the sale of immovable property.

find out more

Land Sale Deed

A legal document under South African law that formalizes the sale and transfer of immovable property between parties.

find out more

Deed Of Sale Agreement Of Immovable Property

A South African legal agreement documenting the sale and transfer of immovable property, governed by the Alienation of Land Act.

find out more

Commercial Real Estate Sales Agreement

South African commercial real estate sale agreement compliant with local property laws, governing the transfer of commercial property between seller and purchaser.

find out more

Bill Of Sale Agreement With Payments

A South African law-governed agreement documenting the sale of property or goods with structured payment terms, including ownership transfer and payment conditions.

find out more

Generic Sales Contract

A standard sales agreement template for goods under South African law, covering key commercial terms and regulatory requirements.

find out more

For Sale As Is Contract

A South African contract for the sale of goods or property in their current condition, incorporating 'as is' and 'voetstoots' principles while complying with local consumer protection laws.

find out more

Entity Purchase Buy Sell Agreement

South African law-governed agreement for the purchase and sale of business entities, including all necessary transaction terms and regulatory compliance provisions.

find out more

Commission Agent Agreement

A South African law-governed agreement establishing terms between a principal and commission agent for sales representation and commission-based services.

find out more

Buy Sell Agreement For Small Business

A South African law-governed agreement for the sale and purchase of a small business, detailing transaction terms and ownership transfer requirements.

find out more

Business Sales Agreement Form

A South African law-governed agreement that facilitates the sale and purchase of a business, outlining terms, conditions, and compliance requirements.

find out more

Sale Lease Back Agreement

A South African law-governed agreement combining property sale and leaseback arrangements, enabling property owners to sell their property while retaining occupancy through a lease.

find out more

Tripartite Agreement For Sale Of Property

A South African legal agreement facilitating property sale between three parties, typically involving a seller, buyer, and financial institution, governed by South African property law.

find out more

Scrap Sale Agreement

South African law-governed agreement for scrap material sales, ensuring compliance with Second-Hand Goods Act and environmental regulations.

find out more

Intent To Sell Contract

A South African legal document establishing the framework and key terms for a proposed property sale, serving as a precursor to the final sale agreement.

find out more

Advance Agreement For Sale Of Land

South African legal agreement for land sale with advance payment terms, compliant with the Alienation of Land Act.

find out more

Lease Agreement For Sale

South African legal document combining property lease terms with a future purchase option, governed by SA property and rental laws.

find out more

Debt Sale Agreement

A South African law-governed agreement for the sale and transfer of debt portfolios between financial institutions or credit providers and debt purchasers.

find out more

Bill Of Sale With Payment Terms

A South African law-governed agreement documenting the sale of goods or assets with structured payment terms, combining ownership transfer provisions with payment obligations.

find out more

International Contract Of Sale

A South African law-governed contract template for international sale of goods transactions, incorporating domestic and international trade requirements.

find out more

Letter Of Intent To Sell Property To Tenant

A South African legal document expressing a property owner's formal intention to sell their property to the current tenant, outlining preliminary terms and conditions of the proposed sale.

find out more

Resale Agreement Draft

A South African law-governed agreement establishing terms for product resale and distribution arrangements between suppliers and resellers.

find out more

Scrap Vehicle Sale Agreement

A South African law-compliant agreement for the sale of vehicles intended for scrap, covering ownership transfer, environmental compliance, and deregistration requirements.

find out more

Sale Of Goodwill Contract

South African legal agreement for the transfer of business goodwill between parties, including terms, conditions, and protective provisions.

find out more

Sale Agreement With Possession

South African property sale agreement enabling buyer possession before transfer, combining sale terms with possession arrangements under SA law.

find out more

Sales Agreement With Payment Plan

South African sales agreement template incorporating structured payment terms and compliance with local consumer protection and credit laws.

find out more

Estate Sale Agreement

A legal agreement for the sale of property from a deceased estate in South Africa, complying with local property and estate administration laws.

find out more

Promissory Purchase And Sale Agreement

A South African legal agreement combining property sale terms with promissory note payment arrangements, governed by local property and financial legislation.

find out more

Land Sale Commission Agreement

A South African legal agreement establishing commission terms and conditions between a property owner and estate agent for the sale of land.

find out more

Business Bill Of Sale Purchase Agreement

A South African law-governed agreement facilitating the complete or partial sale and purchase of a business enterprise, detailing all transaction terms and regulatory compliance requirements.

find out more

Agreement Of Purchase And Sale Form For Private Sale

A South African legal document for private property sales between individuals, outlining sale terms and conditions in compliance with local property law.

find out more

Used Equipment Sale Agreement

South African law-governed agreement for the sale of used industrial or commercial equipment, including condition specifications and transfer terms.

find out more

Deposit Agreement Of Purchase And Sale

A South African law-governed agreement establishing terms for deposit payment and handling in a purchase and sale transaction.

find out more

Assignment Of Real Estate Purchase And Sale Agreement

A South African legal document that transfers rights and obligations under an existing property purchase agreement from the original purchaser to a new purchaser.

find out more

Simple Buy Sell Agreement

A straightforward agreement governed by South African law that documents the terms and conditions for the sale and purchase of goods or assets between two parties.

find out more

Sale Of Sole Proprietorship Business Agreement

A South African law-governed agreement for the transfer of ownership and assets of a sole proprietorship business from seller to buyer.

find out more

Bulk Sale Agreement

A South African law-governed agreement for the sale and purchase of goods in bulk quantities between commercial entities.

find out more

Bill Of Sale Asset Purchase Agreement

A South African law-governed agreement documenting the sale and transfer of assets between parties, including terms of sale, warranties, and transfer conditions.

find out more

Agreement To Purchase Contract

A South African law-governed agreement documenting the terms and conditions for the purchase of goods, assets, or property between a seller and purchaser.

find out more

Provisional Agreement For Sale And Purchase

A South African provisional agreement outlining conditional terms for property sale and purchase, subject to specified conditions under South African property law.

find out more

Private Car Sale Deposit Contract

A South African law-governed agreement for securing a deposit in a private vehicle sale transaction, outlining deposit terms and purchase conditions.

find out more

Pre Sale Contract

A South African law-compliant agreement governing the sale of property before transfer, setting out terms, conditions, and obligations of both seller and purchaser.

find out more

Installment Land Sale Contract

A South African law-compliant agreement for the sale of immovable property through installment payments, governed by the Alienation of Land Act.

find out more

Estate Sale Contract

A South African law-governed contract for the sale of property from a deceased estate, incorporating essential estate administration and property transfer requirements.

find out more

Manufacturers Rep Agreement

A South African law-governed agreement establishing the terms between a manufacturer and its sales representative, including territory rights, commission structure, and compliance requirements.

find out more

Letter Of Sale Agreement

A legally binding document under South African law that outlines the terms and conditions of a sale transaction in letter format, combining legal protection with practical simplicity.

find out more

As Is Real Estate Contract

A South African real estate contract for property sales in current condition, incorporating mandatory legal requirements while limiting seller liability under SA law.

find out more

Term Sheet For Sale Of Business

A preliminary agreement outlining key terms and conditions for a business sale transaction under South African law.

find out more

Vessel Purchase Agreement

A South African law-governed agreement for the sale and purchase of marine vessels, outlining transfer terms, conditions, and regulatory compliance requirements.

find out more

Transfer Of Sale Agreement

A South African legal agreement documenting the terms and conditions for transferring property ownership from seller to purchaser, compliant with local property law.

find out more

Retail Installment Agreement

A South African law-governed agreement for the sale of goods on installment terms, compliant with National Credit Act requirements.

find out more

Preliminary Agreement For Sale And Purchase

A binding preliminary agreement for property sale and purchase under South African law, establishing key terms and conditions pending final sale.

find out more

Personal Property Sales Contract

A South African law-compliant contract for the sale and purchase of personal property, incorporating consumer protection requirements and standard sale terms.

find out more

Non Competition Agreement Sale Of Business

A South African law-governed agreement restricting the seller of a business from competing with the sold business, including defined temporal and geographical limitations.

find out more

Guaranteed Sale Agreement

A South African legal agreement where a guarantor ensures a minimum sale price for a property, either by selling it at market value or purchasing it themselves at the guaranteed price.

find out more

Goodwill Purchase Agreement

South African law-governed agreement for the purchase and sale of business goodwill, including customer relationships and business reputation.

find out more

Letter Of Intent Sales

A preliminary document under South African law outlining proposed terms and conditions for a potential sale transaction, serving as a framework for further negotiations.

find out more

As Is Sales Contract

A South African law-governed contract for the sale of goods in their current condition ("as is"), with limited warranties and explicit buyer acknowledgment of the goods' condition.

find out more

As Is Sales Agreement

A South African legal agreement for selling assets in their current condition with limited warranties, compliant with local consumer protection laws.

find out more

Private Car Sale Contract With Monthly Payments

South African private vehicle sale agreement with monthly payment terms, compliant with local credit and consumer protection laws.

find out more

Sales Referral Agreement

A South African law-governed agreement establishing terms for business referral relationships, including commission structures and compliance requirements.

find out more

Motorcycle Sales Agreement

A South African law-compliant agreement for the sale and purchase of motorcycles, addressing all essential aspects of the transaction including ownership transfer and regulatory requirements.

find out more

Livestock Purchase Agreement

A South African law-governed agreement for the purchase and sale of livestock, ensuring compliant transfer of ownership and animal welfare standards.

find out more

Company Sale Agreement

A South African law-governed agreement documenting the sale and purchase of a company, including all essential terms, conditions, and local regulatory requirements.

find out more

Independent Sales Contractor Agreement

A South African law-governed agreement establishing the terms and conditions between a company and an independent sales contractor for product/service sales representation.

find out more

Commercial Purchase Agreement

A South African law-governed agreement establishing terms and conditions for commercial sale and purchase of goods between business entities.

find out more

Retail Sales Agreement

A South African law-compliant agreement establishing terms and conditions for retail sales transactions between sellers and buyers.

find out more

Whole Sale Contract

South African wholesale agreement governing bulk sale and purchase of goods between commercial entities, establishing key trading terms and conditions.

find out more

Sales Partner Agreement

A South African law-governed agreement establishing terms for a sales partnership, including territory rights, commissions, and compliance requirements.

find out more

Intellectual Property Sale Agreement

A South African law-governed agreement for the sale and transfer of intellectual property rights between parties, ensuring legal compliance and protection of both seller and purchaser interests.

find out more

Independent Sales Rep Agreement

South African agreement establishing terms between a company and independent sales representative, including commission structure and compliance requirements.

find out more

Online Sale Agreement

A South African law-governed agreement setting out terms and conditions for online sales, ensuring compliance with e-commerce, consumer protection, and data privacy regulations.

find out more

Credit Purchase Agreement

A South African law-compliant agreement governing the purchase of goods or services on credit terms, regulated by the National Credit Act.

find out more

Boat Purchase Agreement

A legally binding agreement for vessel sale and purchase under South African law, incorporating maritime regulations and transfer requirements.

find out more

Stock Sale Agreement

A legal agreement governing the sale and transfer of company shares between parties under South African law.

find out more

Letter Of Intent To Sell Shares

A preliminary document under South African law that outlines the proposed terms and conditions for a share sale transaction, serving as a framework for subsequent formal agreements.

find out more

Retail Sales Contract

South African retail sales contract template compliant with Consumer Protection Act, governing retail transactions between businesses and consumers.

find out more

Letter Of Intent To Buy Land

A preliminary document under South African law expressing intent to purchase land and outlining key proposed terms while maintaining a generally non-binding nature.

find out more

Bill Of Sale Agreement

A South African legal document that records the transfer of ownership of personal property from seller to buyer, governed by South African commercial and consumer protection laws.

find out more

Car Sale Contract With Payments

A South African law-compliant contract for the sale of vehicles with installment payments or financing arrangements.

find out more

Short Sale Agreement

A South African law-governed agreement for selling property below the outstanding mortgage amount, with bank consent and settlement terms.

find out more

Product Sales Contract

A South African law-governed Product Sales Contract for commercial or consumer goods transactions, ensuring compliance with local legislation and commercial practices.

find out more

Preliminary Sales Agreement

A South African law-governed agreement setting out preliminary terms and conditions for a proposed sale transaction, establishing key obligations and protections for both parties.

find out more

Independent Contractor Sales Commission Agreement

South African agreement establishing terms for independent sales contractors, including commission structures and sales territories.

find out more

Asset Sale Agreement

A South African law-governed agreement documenting the sale and purchase of assets between parties, including terms, conditions, and compliance requirements.

find out more

Bill Of Sale For Business

A South African legal document that formalizes the sale and transfer of a business as a going concern, detailing all terms and conditions of the transaction.

find out more

Partnership Sale Agreement

A South African law-governed agreement facilitating the sale and transfer of partnership interests, including terms, conditions, and obligations of the transaction.

find out more

Non Disclosure Agreement For Sale Of Business

South African law-governed NDA for protecting confidential information during business sale transactions.

find out more

Master Sales Agreement

A South African law-governed framework agreement establishing terms and conditions for ongoing sales transactions between commercial parties.

find out more

Master Sale And Purchase Agreement

A South African law-governed framework agreement establishing terms and conditions for ongoing sales and purchases between commercial parties.

find out more

Sales Employment Contract

A South African law-governed employment contract for sales professionals, covering commission structures, targets, and standard employment terms.

find out more

Sales And Service Agreement

A South African law-governed agreement combining product sales and related service provisions, establishing terms for integrated product and service delivery.

find out more

Apartment Purchase Agreement

South African legal agreement for the purchase and sale of an apartment unit under sectional title legislation.

find out more

Sale Of Goods Agreement

A legal agreement governed by South African law that documents the terms and conditions for the sale and purchase of goods between parties.

find out more

Sales Partnership Agreement

A South African law-governed agreement establishing terms and conditions for sales partnerships, including commission structures, territories, and mutual obligations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.